Miscellany

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    EU derails train-maker merger, reaping France’s fury

    Agence France-Presse . Brussels | Updated at 12:00am on February 07, 2019

    The EU’s powerful anti-trust sheriff, Margrethe Vestager, vetoed the merger of the Siemens-Alstom rail businesses on Wednesday, in defiance of Germany and France.The tie-up, announced...

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    Green Delta launches country’s 1st AR calendar

    Business Desk | Updated at 12:00am on February 07, 2019

    Green Delta Insurance, a non-life insurance company of the country, has launched augmented reality (AR) calendar for the first time in Bangladesh, which is also...

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    Drugmakers offer billions in price cuts facing crackdown in Canada

    Reuters . Toronto | Updated at 12:00am on February 07, 2019

    Canadian pharmaceutical industry lobby groups, in an effort to head off a planned crackdown on prescription drug prices, offered to give up C$8.6 billion ($6.6...

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    Indonesia economy posts 5.17pc growth in 2018

    AFP | Updated at 12:00am on February 07, 2019

    Indonesia posted slightly stronger economic growth in 2018, data showed Wednesday, but it still fell well short of president Joko Widodo’s seven per cent target...

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    India rupee the ‘whipping boy’, but to dodge record low: poll

    Reuters . Bengaluru | Updated at 12:00am on February 07, 2019

    The Indian rupee is set to underperform against the dollar again this year, weighed down by uncertainty ahead of a national election in May, but...

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    Five-day REHAB Fair begins

    Staff Correspondent | Updated at 08:39pm on February 06, 2019

    The five-day REHAB Fair-2019 began in capital Dhaka on Wednesday to showcase apartments, land and other real estate and housing products.Real Estate and Housing Association...

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    Trump to choose US treasury’s Malpass to lead WB

    Reuters . Washington | Updated at 12:00am on February 06, 2019

    The Trump administration has notified World Bank shareholders that president Donald Trump intends to pick senior Treasury Department official David Malpass as the US nominee...

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    Russian GDP growth up 2.3pc

    Reuters . Moscow | Updated at 12:00am on February 05, 2019

    The Russian economy expanded more than expected in 2018 thanks to higher growth in construction, the state statistics service Rosstat said in its preliminary estimate...

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    Japan insurers to target China M&A in new phase after $50b overseas push

    Reuters . Hong Kong/ Tokyo | Updated at 12:00am on February 05, 2019

    Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets,...

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    Germany facing big budget hole as economy slows

    Reuters . Berlin | Updated at 12:00am on February 05, 2019

    Germany is facing a budget shortfall of around 25 billion euros ($28.6 billion) by 2023 as an economic slowdown means tax revenues will come in...

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